COMMITMENTS AND CONTINGENCY (Tables)

3 Months Ended

Sep. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]

The Company leases certain office premises and apartments for employees under operating leases through April 16, 2020. Future minimum lease payments under operating lease agreements are as follows:

	Amount
Twelve months ending September 30,
2017	$	233,932
2018		132,999
2019		106,201
2020		22,468
	$	495,600